Author: NBTC
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is cementing its role as the ultimate asset that protects investor capital against inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC is positioned to usurp gold as the top inflation hedge. Palihapitiya says it would be imprudent for Bitcoin investors to time the market as he sees BTC serving a unique purpose for the next century. “I think you can’t trade these things, and any attempt to do it is probably a level of false precision where you’re going to lose…
With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week. Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales over the seven-day period—126.79% higher than last week’s figures. Bitcoin-focused NFTs secured the second position with $59.96 million in sales, representing a 129.22% boost. Solana-based digital collectibles rounded out the top three, recording $24.39 million in sales, up by…
Former Goldman Sachs executive Raoul Pal thinks Ethereum (ETH) is primed for big gains. In a new YouTube video, Pal tells his 143,000 subscribers that ETH’s current chart is playing out similarly to Bitcoin’s between 2011 and 2019. “Ethereum now versus the previous periods is following the last in Bitcoin. Now whether it gets to the target here of $20,000/ETH, who the fuck knows. Doesn’t really matter. But directionally, we’ll see what happens. ETH should accelerate from here, and I’m pretty confident that it will.” ETH is trading at $3,209 at time of writing. The second-ranked crypto asset by market…
Sol Strategies (HODL), a crypto investment firm led by Leah Wald, the former boss and co-founder of Valkyrie Investments, bought four validators for nearly $18 million in cash and shares. The Toronto-based firm, formerly known as Cypherpunk Holdings, will buy the validators from Cogent Crypto, a high-performance validator operating within the Solana ecosystem, according to a statement on Thursday. The total value of the investment is nearly $18 million, broken into three tranches: $1 million cash and about $1 million in company shares at the closing of the deal, and the rest distributed over three years in shares, Sol Strategies…
The widely-tracked copper-to-gold ratio continues to slide in the wake of China’s stimulus announcements, offering negative cues to risk assets. BTC’s best years have been characterized by copper’s outperformance relative to gold. From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Fed rate cuts, bitcoin (BTC) bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio, continues to slide, flashing a red signal for risk assets, including cryptocurrencies. The ratio, which represents the division of price per pound of copper by per ounce price of gold, has hit…
Ethereum (ETH) has seen a massive surge in whale activities, with the daily count reaching a historic high. This surge comes amid bullish momentum in Ethereum on the daily and weekly price chart. Implications of soaring whales to ETH’s price According to IntoTheBlock data, Ethereum’s large transaction daily count surpassed 10,000, the highest figure recorded since August. Ethereum whales are waking up, with the daily count of large transactions surpassing 10,000—the highest level since August. pic.twitter.com/xpnaMz5vHk — IntoTheBlock (@intotheblock) November 14, 2024 Large transactions refer to those above $100,000 conducted over a given period. These transactions might signal increased whale…
Federal Reserve Chairman Jerome Powell delivers a speech on monetary policy to business leaders in the Dallas-Forth Worth area. Powell’s speech will be followed by a question-and-answer session. Here are the most important sections from Powell’s speech: (New additions will be made as the conversation continues, you can access the most up-to-date information by refreshing the page) The economy is not sending signals that the Fed should be in a hurry to cut interest rates. Policy will gradually adjust to a neutral level, but the policy path is not predetermined. Inflation is expected to continue to fall towards the 2%…
VeChain’s blockchain enables efficient auditing and secure record-keeping of product sustainability data. The platform’s native token, VET, will also see increased adoption as companies seek to fulfill regulatory demands, leveraging VeChain’s infrastructure for transparent, immutable data tracking. VeChain has grabbed the spotlight with the implementation of the EU’s ESPR (Ecological Sustainability and Product Responsibility) law on July 18, 2024. Under this law, companies doing business in Europe need to provide the environmental impact of their products, from sourcing to supply chain. This regulation will focus on enhancing sustainability and transparency wherein VeChain and its native VET token will play a…
Bitcoin ($BTC) rose strongly to a remarkable $67,036, making up 58.2% of the total cryptocurrency market share. Thus, a market capitalization of $2.283T and 24-hour trade volume of $44.883B reflect stable investor interest in Bitcoin. This dominance solidifies Bitcoin’s role as a market driver while other assets show mixed performance. Daily Summary on October 27, 2024$AERO $GOAT $KAS $RUNE $JUP $ETH $BTC $SOL $NEIRO $GOAT#dailysummary #DeFi #Crypto pic.twitter.com/T7CL1zViQP — PHOENIX – Crypto News & Analytics (@pnxgrp) October 27, 2024 Ethereum and Bitcoin Steady Amid Mixed Crypto Market Movements Ethereum ($ETH), meanwhile, remained stable at $2,465, holding a 13% market dominance.…
The dYdX Foundation has announced that the community has approved a key proposal to implement a revenue-sharing mechanism. The proposal, passed on Nov. 15, allocates 50% of protocol revenue to the MegaVault and 10% to the Treasury SubDAO. According to the dYdX Foundation, the expedited vote saw a turnout of 76.99%, with over 155 million DYDX representing 89% of the vote in favor. dYdX’s holders voted on the proposal a few weeks after research and software engineering solutions provider nethermind published it in the community forum on Oct. 22. Targeted ecosystem aspects include DYDX tokenomics, and protocol competitiveness. It’s omplementation…